Wheat, a cornerstone of global food security, is facing unprecedented challenges. Rising temperatures, extreme weather events, and geopolitical tensions are converging to create a perfect storm for wheat production. The result? A significant wheat rally that could have far-reaching implications. Climate Change's Impact: As the planet warms, wheat-growing...
In an era of interconnectedness and unprecedented challenges, the global wheat market stands as a critical linchpin of food security. Its intricate interplay of supply, demand, and geopolitical factors has profound implications for the world's ability to feed itself. The wheat market, a cornerstone of global agriculture, is subject to numerous forces that can...
Live cattle went to the eight hour fib and has started to create a bounce. With corn, soy beans, and we even wheat up 2 to 4% today. Live cattle is going to potentially make up that gap in the next few days.
CBOT: Wheat Futures ( CBOT:ZW1! ) On Friday, July 12th, the United States Department of Agriculture (USDA) released its latest World Agricultural Supply and Demand Estimates (WASDE). (Note: The WASDE report is published monthly and provides annual forecasts for global supply and use of wheat, rice, coarse grains, oilseeds and cotton, as well as the U.S. supply...
Realising my folly from my previous trade, I recognised my faults. Recap - 1st - I traded with the Higher Time Frame and Entry Time Frame Trends, but I am actually entering on a opposing trend against the Lower Time Frame, and that is why the price never move in my intended direction after hours. The opposing trend movement is also a sign that price is tanking,...
Inflation is expected to rise again because the prices of staples such as wheat, rice, corn, and soybean meal have been increasing over the last two months. Additionally, we've seen a 20% increase in soybean meal prices since the low in February. Chicago SRW Wheat Futures & Options Ticker: ZW Minimum fluctuation: 1/4 of one cent (0.0025) per bushel =...
Wheat Technicals (May) Wheat futures shot higher overnight but got stonewalled by what was previously trendline support (now resistance). A failure to close out above 550-555 keeps the Bear camp in control with a potential retest of the lows still in play. Further escalation in the Middle East could turn the tide back to Bullish. Bias: Neutral/Bearish...
Wheat Technicals (May) May wheat futures broke lower yesterday, after struggling to maintian price action above trendline support in the previous two sessions. This has the Bear camp back in the driver’s seat as we officially enter the back half of the week. A close back above 550-555 would neutralize the recent bearish action. Bias:...
Wheat Technicals (May) May wheat futures traded in a wide range yesterday, on both sides of unchanged. This morning, prices are attempting to firm as the market revisits our pivot pocket from 550-555. The Bulls will want to see consecutive closes back above this pocket to spur a move back towards the recent highs. A failure to do so could put the Bears in...
Grain futures are higher in the early morning trade as some as headline risk looms into the weekend. Corn Technicals (May) May corn futures are fractionally lower in the early morning trade as prices linger near our pivot pocket from 431 1/2-435, which just happens to be right near the middle of first support and first resistance. We like the upside...
Supply and demand zones for Wheat on the weekly chart. Once you enter the zone, look for the lower timeframe reversal patterns, extended waves, classic trendline breaks, etc. Drop down to the Daily for refined supply and demand zones. Drop down to 1 hour chart for the current trend after you see the reversal pattern.
wheat is ready to go... excellent RR here... not only 3.5 to first target, but ocasion to build position towards much lower... moving stops to Be or trail *not financial advise
We are coming into WEEKLY Demand on Wheat. Wait for the "reaction" inside of this demand zone on the 5 minute chart to start going long.
I will monitor price action on this floor and have set alerts for entry. Wheat futures need a correction to the upside. Let me know your thoughts. The Professor
CBOT: Wheat ( CBOT:ZW1! ) In stark contrast to the rising stock market, most agricultural commodities have lost ground in 2023. In the Grain & Oilseeds market, CBOT Soybean (ZS) finished the year at $12.73 per bushel, down 14.7% year-on-year. CBOT Corn (ZC) closed at $4.63/bushel, down 30.8% YOY. CBOT Wheat (ZW) settled at $5.93/bushel, down 24.5%. In the...
👋 Good day, traders! 📈 After a two-month decline on the D1 chart, WHEATF has found support at the 540 level. Given its month-long accumulation phase and the completion of its downtrend, a breakout above the 587.75 resistance level could signal a rally towards target levels of 615.00, 660.00, 695.00, and 732.00. Consider buying entries around the 595.00-600.00...
In this layout I have Black Sea Wheat and Corn, Australian and Ukrainian Wheat, and 4 main Fertilizer (UREA) Futures. Conflict and Wars are good ways for Financial Institutions like Black Rock and State Street Corp oration to make a lot of money. What better way than to destroy the wheat fields/silos themselves and profit at the same time? These markets are...
wheat tends to consolidate in huge price zones before next moves